NOT LISTED FOR SALE

2139 Highway 90 W Westwego, LA 70094

Westbank Neighborhood

Estimated Value: $493,000

36 Beds
32 Baths
16,000 Sq Ft
$31/Sq Ft Est. Value

Last Sold February 25, 2016

Current estimated payment $2,672/month

122 Days on Market

About This Home

As of February 2016

CASH COW!!! This 32-unit property currently brings in 17,275 a month with established tenants. Rents can be higher. No vouchers. 100% occupied, quiet and safe neighborhood. 16 security cameras recently installed, and 23 apartments renovated with laminate floors on second level and tile on the first level. Newly renovated laundry room yielding 1200 a month in additional profits. Easy access to public transportation, Elmwood, and the Expressway. Do not disturb tenants. Easy to show.

Last Agent to Sell the Property

Meghan Mercadel

NOLA Property Collective, LLC License #995700537 Listed on: 09/25/2015

Last Buyer's Agent

Matthew Grass

The Agency of M. Grass Group, LLC License #995696831

The Agency of M. Grass Group, LLC

Property Details

Property Type

  • Other

Lot Details

  • Lot Dimensions are 200x400x397.7
  • Irregular Lot
  • Zoning described as Comm

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 16,000 Sq Ft Home
  • Property has 2 Levels

Additional Features

  • City Lot
  • Septic Tank

Community Details

  • Common Area

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for insurance, taxes
  • Assessor Parcel Number 700942139WHighway90HY

Property Details

Property Type

Other

Lot Details

0

Listing Details

  • Prop. Type: Commercial Sale
  • Lot Size: 200x400x397.7
  • Directions: Headed east between Avondale and Westwego on expressway on the right hand side.
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Other
  • Year Built Details: 45
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Property Sub Type: Other
  • Stories: 2

Interior Features

  • Owner Pays: Insurance, Taxes
  • Living Area: 16000.0
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: City Lot, Irregular Lot
  • Construction Type: Brick
  • Property Condition: Resale

Utilities

  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Common Grounds/Area

Lot Info

  • Parcel #: 700942139WHighway90HY
  • Zoning Description: Comm
  • Zoning: Comm
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 8, 2023
Sold by
Slidell Rentals I Llc
Bought by
Gca Llc
Current Estimated Value
$493,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,450,000
Outstanding Balance
$1,427,107
Interest Rate
7.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2022
Sold by
Fbr Investments Llc
Bought by
Slidell Rentals I Llc

Purchase Details

Closed on
Jun 25, 2018
Sold by
Westwego Apartments Llc A Louisiana Limi
Bought by
Fbr Investments Llc A Louisiana Limited

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,360,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 25, 2015
Closed on
Feb 25, 2016
Sold by
Cls Properties Of Westwego Llc A Louisia
Bought by
Westwego Apartments Llc A Louisiana Limi
Seller's Agent
Meghan Mercadel
NOLA Property Collective, LLC
Buyer's Agent
Matthew Grass
The Agency of M. Grass Group, LLC
List Price
$1,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$870,400
Interest Rate
3.92%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jun 19, 2014
Closed on
Mar 30, 2015
Sold by
Eagle Investments Inc
Bought by
Cls Properties Llc
Seller's Agent
Tammy Mercier
NOLA's Essential Property, L.L.C.
List Price
$999,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-15.22%
Original Mortgage
$773,500
Interest Rate
3.82%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gca Llc $1,410,000 None Listed On Document
Slidell Rentals I Llc $7,956,379 None Listed On Document
Fbr Investments Llc A Louisiana Limited $1,225,000 Attorney
Westwego Apartments Llc A Louisiana Limi $1,024,000 True Title Of Metairie Llc
Cls Properties Llc $1,190,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gca Llc $1,450,000
Previous Owner Fbr Investments Llc A Louisiana Limited $1,360,000
Previous Owner Westwego Apartments Llc A Louisiana Limi $870,400
Previous Owner Cls Properties Llc $773,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/25/2016 02/25/16 Sold -- -- --
01/26/2016 01/26/16 Pending -- -- --
09/25/2015 09/25/15 For Sale $1,500,000 +50.0% $94 / Sq Ft
03/31/2015 03/31/15 Sold -- -- -- View Prior Sale
03/01/2015 03/01/15 Pending -- -- --
06/19/2014 06/19/14 For Sale $999,999 -- $62 / Sq Ft
Source: ROAM MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $932 $102,400 $15,500 $86,900
2023 $14,042 $102,400 $15,500 $86,900
2022 $13,703 $102,400 $15,500 $86,900
2021 $12,953 $102,400 $15,500 $86,900
2020 $12,866 $102,400 $15,500 $86,900
2019 $13,291 $102,400 $15,500 $86,900
2018 $12,435 $102,400 $15,500 $86,900
2017 $11,991 $102,400 $15,500 $86,900
2016 $11,791 $102,400 $15,500 $86,900
2015 -- $119,000 $15,500 $103,500
2014 -- $87,990 $15,500 $72,490
Source: Public Records

Agents Affiliated with this Home

  • Meghan Mercadel

    Seller's Agent in 2016

    Meghan Mercadel

    NOLA Property Collective, LLC

    (504) 940-4752

    99 Total Sales

    Meghan Mercadel
    Section Image
  • Matthew Grass

    Buyer's Agent in 2016

    Matthew Grass

    The Agency of M. Grass Group, LLC

    (504) 237-7187

    154 Total Sales

    Matthew Grass
    Section Image
  • Tammy Mercier

    Seller's Agent in 2015

    Tammy Mercier

    NOLA's Essential Property, L.L.C.

    (504) 339-5009

    38 Total Sales

    Tammy Mercier
    Section Image
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Map

Source: ROAM MLS

MLS Number: 2029047

APN: 0500005045

Louisiana Jefferson Parish Westwego 70094 Westbank

2139 Highway 90 W, Westwego, LA

Not Listed for Sale

Other

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